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Query about Mutual fund

Date: 03 Mar 2016    Group: Finance and Investments    Category: Mutual Funds   

I am 27 years old, newly married and with no dependents. I have invested some amount in mutual fund for five years. Now I want to invest 30% of my salary in SIP with aggressive growth in a time frame of four years. Can you suggest a good mutual fund plan?
Awaiting suggestions from experts.

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Author: Kailash Kumar    04 Mar 2016      Member Level: Platinum     Points : 3  (Rs 3)    Voting Score: 0

There is always a fine print in mutual funds that the investments are subject to market risks. Therefore the decision to investment in mutual funds should be taken by the investor himself /herself after carrying out due research etc. There are many specialized websites who offer information about performance of various mutual funds and comparative studies also. Simple googling using search words 'mutual funds india' will provide a list of such websites which can be studied for taking appropriate decision.

Author: Mahesh    05 Mar 2016      Member Level: Gold     Points : 3  (Rs 3)    Voting Score: 0

I'd suggest you to invest in multiple funds to diversify your risks. For example keep one fund in ELSS and one fund in equity and another in debt mutual fund. This way you can diversify risk and also have some decent portfolio.

In order to select the mutual fund as per your requirement, do the following.

1. Go to valueresearchonline.
2. Select the appropriate fund categories.
3. Choose the performing funds over a period of 5 years.
4. Go to the website of the fundhouse and register.
5. Start SIP.

Depending on your financial budget you can choose from multiple funds. For example let's say you have 6 thousand per month spare to invest. You can invest 2500 Rs into equity fund, 2500 Rs in debt fund and 1000 Rs in ELSS tax saving funds.

It takes time for asset to grow stronger so keep the equity for 10 year or more pointer. And that should be more than enough for you to feel safe enough.

Author: Pravat Kumar Das    10 Mar 2016      Member Level: Gold     Points : 4  (Rs 4)    Voting Score: 0

This is good to know that you are an active investor.
And the best way to invest is mutual fund in SIP mode which you have already started.
As you want to invest 30% of your salary per month ( although you have not mentioned the amount), I am suggesting you to go for equity based mutual fund, as you are at young age, can take little extra risk on your investment amount.
suppose you are getting Rs 30,000 salary so 30% means around 9,000 you can invest per month.

1- Go for SBI Blue Chip Fund (G) option
This fund holdings of large blue chip companies like Reliance, HDFC, bank, sunpharma etc. which will give you good growth in next 4-5 year of inevstment.

2- Axis Long Term Equity Fund (G)
Here you get diversified fund from NIFTY based stocks, so it reduces your risk but give more earning opprotunity.
Also you get tax benefit .

3-L&T India Value Fund (G)
This fund also combination blue chip companies, banking sector pharma, so that you get over all benefit.
As you are planing for 4-5 year, these are best funds which will give you good return because of compounding benefits.

Author: Suresh Kumar R    19 Mar 2016      Member Level: Gold     Points : 2  (Rs 2)    Voting Score: 0

Please be careful while choosing your funds since you have planned to invest 30% of your salary and the time frame is 4 yrs only.

Don't invest everything in Midcap funds and diversify your portfolio like below.

1. Balanced Funds (40% of your investment amount)
2. Small and Mid cap funds (20% of your investment amount)
3. Large cap funds (20% of your investment amount)
4. Diversified funds. (20% of your investment amount)

Also invest in direct plans, so that you get more profit.

Happy Investing!

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